CDT Bidding & Procurement 1

Question 1

Which document formally invites contractors to submit bids for a construction project?

Accepted Answer

Invitation to Bid

Answer

The Invitation to Bid (ITB) is the formal document that solicits competitive bids from qualified contractors.

Question 2

A bid bond protects the project owner by ensuring the bidder will:

Accepted Answer

Enter into contract if awarded the bid

Answer

A bid bond guarantees that the bidder will enter into a contract and provide required bonds if their bid is accepted.

Question 3

In competitive bidding, an addendum issued during the bid period must be acknowledged by bidders because:

Accepted Answer

It modifies the bidding documents and affects all bids equally

Answer

Addenda modify the bidding documents and must be acknowledged to ensure all bidders are pricing the same scope of work.

Question 4

The term 'public bidding' refers to a procurement process that:

Accepted Answer

Requires bids to be advertised and open to all qualified contractors

Answer

Public bidding requires the project to be publicly advertised and open to any qualified contractor, typically mandated for government-funded projects.

Question 5

Which procurement method involves negotiating a contract with a single contractor without competitive bidding?

Accepted Answer

Sole source procurement

Answer

Sole source procurement bypasses competitive bidding by negotiating directly with a single, specifically chosen contractor.

CDT - Construction Documents Technologist Practice Test

CDT - Construction Documents Technologist Practice Test

CDT Bidding & Procurement 1